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PAGE ONE EconomicsFast Cash and Payday Loans Jeannette N. Bennett, Senior Economic Education SpecialistGLOSSARY Alternative financial services: Financial services offered by providers that are not
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Fast cash and payday refer to short-term, high-interest loans typically used by individuals who are in need of immediate funds.
Lenders who offer fast cash and payday loans are required to file reports on these transactions.
To fill out fast cash and payday reports, lenders must provide information on the loan amount, interest rate, and repayment terms.
The purpose of fast cash and payday loans is to provide individuals with quick access to funds in emergency situations.
Information that must be reported on fast cash and payday includes loan amount, interest rate, fees, and repayment terms.
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